EconPapers    
Economics at your fingertips  
 

A Model of Bargaining with the Possibility of Arbitration

Paola Manzini () and Marco Mariotti

Game Theory and Information from EconWPA

Abstract: We consider an alternating offer bargaining model in which the players may agree to call in an arbitrator in case of disagreement. The main message of our study is that the mere presence of an arbitrator - who can only become active with the consent of both parties - in the background of negotiations may entirely drive their outcome. We discuss the implications of this result both for theories of arbitration and for the interpretation of cooperative bargainining solutions.

Keywords: bargaining; arbitration (search for similar items in EconPapers)
JEL-codes: C78 (search for similar items in EconPapers)
Date: 1997-10-01
Note: Type of Document - ScientificWord2.5; prepared on IBM PC ; to print on HP; pages: 36; figures: included
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/game/papers/9710/9710001.pdf (application/pdf)
https://econwpa.ub.uni-muenchen.de/econ-wp/game/papers/9710/9710001.ps.gz (application/postscript)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpga:9710001

Access Statistics for this paper

More papers in Game Theory and Information from EconWPA
Bibliographic data for series maintained by EconWPA ().

 
Page updated 2018-07-14
Handle: RePEc:wpa:wuwpga:9710001